Internationaler Überweisungsservice

The Independent Community Bankers association chairman Bernanke had a speech with all the members, regarding the housing trade crisis in the United States. In brief the statement informed that the Fed is trying to maintain the market chaos, by not only easing the monetary policy as expected.
The core of the problem in this US financial field is noticed to come from the mortgage business where holders of mortgages have no supportive equity and the loans themselves are expected to be reset at much higher rates in the next months, which of course is affected also by the constant fall of house prices in the United States. ...

Despite other currencies did not manage to hold the USD move up, the Australian and New Zealand’s dollar held their positions and even reached rates higher than expected, with NZD being pulled by the strong AUD which rose sky-high after money senders and traders took advantage of the labile conditions and made offers launching the Australian dollar to a rate of 0.911. In the same time NZD did not perform so outstanding as the Australian currency did, because of lower trader offers in the very beginning of the pulling up, and finally stood ground at 0.7955. ...

On the G7 meeting which took place on Saturday, the biggest economical leaders in the world made a statement pointing at the falling American housing market, which has affected the global finances in a bad way, and even worse consequences are expected, such as Banks led by money loans may collapse and turn to credit funds. Anyway according to the Group of Seven guiders USA is expected to avoid recession in year 2007, but along with that, only with very hard work done by financial experts market would be held stable and will recover after the crisis. ...

After a not-so important overnight session indexes in Europe for future income money transfer rates have respectively low values, while in the same time the equity ones are receiving far better trading rates. As expected, the most important event with economical effect will be the Interest Index decisions scheduled for Thursday 07.02.2008. ...

Apart from the expected Bush’s statement as a not-so-important factor coming from the US, all other factors determining the directions of the currency rates are from the stock market as well as some of ECB statements these days.
The Fed is again expected to affect the currency (EUR/USD mainly) with their rate specification scheduled for Friday this week. ...